Invesco Ltd. Decreases Holdings in Hamilton Lane Inc. (NASDAQ:HLNE)

Key Points

• Invesco Ltd. has reduced its stake in Hamilton Lane Inc. by 5.1%, now holding approximately 1,825,834 shares valued at $271.4 million.
• Hamilton Lane recently reported $1.31 EPS for the quarter, exceeding estimates and reflecting an 11.8% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.54 per share, with a yield of 1.4%, to be paid on October 6th.

Invesco Ltd. cut its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 5.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,825,834 shares of the company's stock after selling 97,419 shares during the quarter. Invesco Ltd. owned approximately 3.29% of Hamilton Lane worth $271,447,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its holdings in Hamilton Lane by 252.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock worth $26,000 after acquiring an additional 126 shares during the last quarter. Versant Capital Management Inc purchased a new stake in Hamilton Lane in the 1st quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Hamilton Lane in the 1st quarter worth about $33,000. Covestor Ltd increased its holdings in Hamilton Lane by 375.9% in the 1st quarter. Covestor Ltd now owns 414 shares of the company's stock worth $62,000 after acquiring an additional 327 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in Hamilton Lane in the 4th quarter worth about $65,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Oppenheimer lowered Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Wall Street Zen raised Hamilton Lane from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Keefe, Bruyette & Woods lifted their target price on Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a report on Wednesday, August 6th. Wells Fargo & Company lifted their target price on Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. reduced their target price on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $163.14.

Hamilton Lane Price Performance

Shares of HLNE traded down $2.98 during trading hours on Friday, reaching $155.46. 403,421 shares of the company's stock traded hands, compared to its average volume of 367,752. The stock has a market cap of $8.32 billion, a PE ratio of 29.90 and a beta of 1.23. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29. The firm's 50 day simple moving average is $149.33 and its 200-day simple moving average is $151.63. Hamilton Lane Inc. has a 12 month low of $124.10 and a 12 month high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.33. The firm had revenue of $196.73 million during the quarter, compared to the consensus estimate of $166.96 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%. The company's revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the company posted $1.47 EPS. Equities analysts expect that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Friday, September 19th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $2.16 annualized dividend and a dividend yield of 1.4%. Hamilton Lane's dividend payout ratio (DPR) is 41.54%.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.